Technical Momentum Shifts Amid Mixed Market Signals
Technical Trend Overview
The technical trend for TARC has transitioned from mildly bearish to bearish, signalling a more cautious stance among traders and investors. On a weekly basis, the Moving Average Convergence Divergence (MACD) indicator remains bearish, reinforcing the presence of downward momentum. Meanwhile, the monthly MACD reading is mildly bearish, indicating some moderation in the longer-term trend but still reflecting pressure on the stock price.
The Relative Strength Index (RSI) presents a mixed picture. The weekly RSI does not currently generate a clear signal, suggesting a period of consolidation or indecision in the short term. Conversely, the monthly RSI is bullish, implying that over a longer horizon, the stock may be…
